SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 31,700 shares, an increase of 240.9% from the February 13th total of 9,300 shares. Based on an average trading volume of 254,100 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On SoundHound AI
An institutional investor recently raised its position in SoundHound AI stock. Jane Street Group LLC grew its position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,155 shares of the company’s stock after purchasing an additional 9,174 shares during the quarter. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 as of its most recent SEC filing.
SoundHound AI Stock Performance
SOUNW stock opened at $4.17 on Friday. The company’s 50 day moving average is $6.63 and its 200 day moving average is $5.07. SoundHound AI has a 1-year low of $1.21 and a 1-year high of $21.50.
SoundHound AI Company Profile
SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.
Further Reading
- Five stocks we like better than SoundHound AI
- How to Calculate Options Profits
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- What is the Dogs of the Dow Strategy? Overview and Examples
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for SoundHound AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoundHound AI and related companies with MarketBeat.com's FREE daily email newsletter.